Fringe Benefits - AccuPay | Payroll and Tax Services

Larry’s Top Ten Payroll/Tax/HR Tips

June 16, 2023

401K, Employee Benefits, Employee Retention Credit, Fringe Benefits, Payroll, Taxes

Benefit Plan, Clergy Tax, ERTC, Expense Reimbursement, Payroll, payroll tax, retirement plan, S Corp, Sec 125 Plan, WOTC

No Comments

As Larry the Payroll Guy, I have been working with employers on payroll, HR, taxes, benefits, etc for decades. This PayDay is my listing of ten subject areas every employer…

2023 IRS PAYROLL FIGURES

November 8, 2022

Larry the Payroll Guy

401K, Fringe Benefits, Payroll, Taxes

401k, FICA Wage, FSA, HSA

No Comments

SOCIAL SECURITY WAGE BASE Wages will be taxed up to $160,200 for FICA in year 2023. The 2023 rates for FICA (6.2%) and Medicare (1.45%) remain unchanged. FUNDING 2023 RETIREMENT…

Review Your 2022 Tax Targets

September 1, 2022

Larry the Payroll Guy

401K, Fringe Benefits, Payroll, Taxes

401k, goals, limits, payrolll, tax target, W4

No Comments

Now is an excellent time for both employees and employers to make sure they will reach their payroll, tax and financial objectives for calendar year 2022. The following items should…

2022 IRS PAYROLL FIGURES

December 29, 2021

Larry the Payroll Guy

401K, Fringe Benefits, Payroll, Taxes

No Comments

SOCIAL SECURITY WAGE BASE Wages will be taxed up to $147,000 for FICA in year 2022. The 2022 rates for FICA (6.2%) and Medicare (1.45%) remain unchanged. FUNDING 2022 RETIREMENT…

Supersize with Roths

October 18, 2017

Larry the Payroll Guy

Fringe Benefits

401k, 403b, Payroll, retirement, Roth, tax-free

No Comments

If your employer’s 401(k) or 403(b) plan permits employees to contribute “after-tax” to a “Roth” account, you should seriously consider contributing part or all of your “elective deferrals” to your…

AVOID DOL PENALTIES – 401(k) DEPOSIT RULES

July 6, 2017

Larry the Payroll Guy

Fringe Benefits, Payroll

No Comments

The U.S. Department of Labor (DOL) regulates the timing of an employer’s payment of 401(k), 403(b) and SIMPLE-IRA retirement plan employee “elective deferrals.” If payments are not timely made, costly…

SMALL EMPLOYER HRA BASICS

May 5, 2017

Larry the Payroll Guy

Fringe Benefits

ACA, health reimbursement, HRA, non-taxable, Obamacare, QSEHRA, tax-exempt

No Comments

Effective January 1, 2017, small employers (less than 50 employees) can offer employees reimbursement of medical expenses to include personal health insurance premiums on a tax-free basis. These new programs…

Save For College – Save Tax!

July 10, 2014

admin

Employee Benefits, Fringe Benefits, Payroll, Taxes

529 Plan, benefits, employee benefits, Payroll

No Comments

As employers look for low-cost and innovative employee benefit plans to retain and recruit employees in our current competitive job marketplace, AccuPay and the Indiana College Choice 529 Program have…